France: Budget strains weigh on outlook – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad warns France’s budget crisis is deepening and complicating Eurozone fiscal dynamics. A minority government’s deficit-reduction plan faces parliamentary hurdles, while the fiscal watchdog calls assumptions optimistic.
Brown Brothers Harriman's Elias Haddad has warned that France's budget crisis is intensifying and impacting Eurozone fiscal dynamics. The minority government's deficit reduction plan is encountering parliamentary obstacles, with the fiscal watchdog questioning the realism of the 2027 budget assumptions. If the 2026 budget is rolled over, France's deficit could rise to 6.0% of GDP in 2027, moving the country further from its EU pledge to keep the deficit below 3% of GDP by 2029.
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